Here's what you need to know before the markets open.
1. SoftBank's profits nosedived 99% last quarter. Here's why its stock went up 12%. Investors cared more about a federal judge ruling in favor of SoftBank-owned Sprint's merger with T-Mobile than a $2 billion loss at the Japanese tech investor's Vision Fund.
2. Bitcoin rockets past $10,000 after the Fed says it's 'taking a deep look' at a government cryptocurrency. The digital coin jumped 5% to over $10,300 after Fed Chair Jerome Powell said the central bank is exploring the technology.
3. Ex-Goldman CEO Lloyd Blankfein laid into Bernie Sanders after his New Hampshire win, saying he'll wreck the economy and let Russia 'screw up the US.' The former investment-banking chief warned Democrats that Sanders is "just as polarizing as Trump" and will "ruin our economy."
4. The US says Huawei has been spying through 'backdoors' designed for law enforcement — which is what the US has been pressuring tech companies to do for years. US officials say the Chinese telecoms titan has had this technology for over a decade, the Wall Street Journal reported.
5. Nissan may report its first quarterly loss since March 2009. Three senior officials at the Japanese automaker told Reuters that they expect to publish poor results on Thursday, with one of them calling the figures "dismal."
6. "Angry Birds" maker Rovio's profit plummets. The game developer stomached a 96% drop in profits last quarter due to higher user acquisition costs and its 5G gaming platform, Hatch.
7. Airbnb reportedly lost $322 million in the first 9 months of 2019, and it could mean a bumpier path to going public. The Wall Street Journal reported that the home-rental platform swung to a hefty loss after making a $200 million profit in the same period of 2018.
8. Stocks are up. European equities rose with Germany's DAX up 0.8%, Britain's FTSE 100 up 0.3%, and the Euro Stoxx 50 up 0.5%. Asian indexes rallied with China's Shanghai Composite up 0.9%, Hong Kong's Hang Seng up 0.9%, and Japan's Nikkei up 0.7%. US stocks are poised to open higher with Dow Jones and S&P 500 futures up 0.4%, and Nasdaq futures up 0.5%.
9. Earnings season continues. Cisco and CVS Health are the highlights.
10. Economic data is trickling out. Powell's testimony and the monthly budget statement are worth keeping an eye on.Join the conversation about this story » NOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption

Global stocks climbed on Monday as investors brushed off Federal Reserve chairman Jerome Powell's warning that the coronavirus-fueled economic downturn could last until the end of next year.
US oil prices jumped more than 5% to a 2-month high, passing $30 a barrel for the first time since prices turned negative in late April.
Gold rose about 1% to its highest level in more than seven years.
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Global stocks climbed on Monday as investors brushed off Federal Reserve Chair Jerome Powell's warning that the coronavirus downturn may linger until late 2021.
In a "60 Minutes" interview on Sunday, Powell said that Americans should prepare for a prolonged US recovery as it would "take a while for us to get back." However, he remained optimistic about an economic rebound if there isn't a second wave of infections.
Powell acknowledged that the unemployment rate could soar as high as 25%, but expressed confidence that government policies will be able to keep families solvent. "There's a lot more we can do...we're not out of ammunition by a long shot," he said.
The comments reassured investors that the central bank can handle further economic fallout, analysts said.
"This went some way to reversing the losses Powell provoked last week, when the Fed chair appeared to take negative interest rates off the table," Connor Campbell, a financial analyst at SpreadEx, said in a morning note.
Read More: A Wall Street equity chief lays out 5 reasons why another 'significant drawdown' in stocks is coming right after the fastest crash in history
Market sentiment likely benefited from easing of lockdowns in several countries and signs of a slowdown in the number of new coronavirus cases.
It may also have been buoyed by the House of Representatives passing a second $3 trillion relief bill last week. However, the legislation may not be approved by the Republican-controlled Senate.
Meanwhile, the prospect of further government support boosted stocks across the pond on Monday.
"Giddy at the thought of some more monetary juice being pumped into the markets, European investors woke up with a spring in their step," Campbell said.
Japan's Nikkei index also rose 0.5%, despite the release of official data on Monday showing the world's third-largest economy tumbled into its first recession since 2015.
The nation's gross domestic product fell by 0.9% in the first three months of the year, after dropping 1.9% in the fourth quarter of 2019 — before lockdowns and restrictions were even implemented. Exports also fell the most since the crippling March 2011 earthquake.
Read More: 'We have a depression on our hands': The CIO of a bearish $150 million fund says the market will grind to new lows after the current bounce is over — and warns 'a lot more pain' is still to come
Here's the market roundup as of 11:25 a.m. in London (6:25 a.m. ET):
European equities rose, with Germany's DAX up 2.7%, Britain's FTSE 100 up 2.1%, and the Euro Stoxx 50 up 2.1%.
Asian indexes climbed with China's Shanghai Composite up 0.2%, Hong Kong's Hang Seng up 0.6%, and Japan's Nikkei up 0.5%.
US stocks are set to open higher. Futures underlying the Dow Jones Industrial Average, the S&P 500, and the Nasdaq rose between 1.2% and 1.5%.
Oil prices jumped, with West Texas Intermediate up 7% at $31.60, and Brent crude up 5.6% at $34.30.
The benchmark 10-year Treasury yield rose to 0.64%.
Gold rose 0.9% to $1,772, its highest level in more than seven years.
Read More: GOLDMAN SACHS: Buy these 14 stocks poised to surge in an economic recovery because of their limited exposure to consumersSEE ALSO: Fed Chairman Jerome Powell says economic downturn could last until late 2021
Join the conversation about this story » NOW WATCH: Pathologists debunk 13 coronavirus myths